Facebook CEO Mark Zuckerberg has made several interesting revelations in an interview with news source Nikkei.
The head of the social network has said that the launch of its stablecoin Libra will not take place until it meets all regulatory requirements and is completely safe.
Remember that Facebook announced its crypto project on June 18, when it unveiled Libra's white paper as well as Calibra. The reaction of regulators from all over the world was almost immediate. They are concerned about the implications such a huge project might have, some even saying the Facebook's stablecoin could be a threat to global financial stability.
Facebook CEO has recalled how both the social network and other Internet giants have been forced in the past to implement changes in their projects. For example, the social network has had to deal with lots of issues related to the privacy of its users and elections interference.
Therefore, Zuckerberg now wants to avoid such issues with its stablecoin by trying to anticipate all the problems it might face and give them a solution beforehand.
He said:
"Part of the approach and how we've changed is that now when we do things that are going to be very sensitive for society, we want to have a period where we can go out and talk about them and consult with people and get feedback and work through the issues before rolling them out."
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